The Wells Fargo bank has been through some tough times in recent years and is now facing a further period of uncertainty because of what financial experts with the City of Philadelphia describe as discriminatory lending practices at the nationally known bank. Financial attorney Karl Heideck has been looking at the controversy and what it means for both the people of Philadelphia and the San Francisco based Wells Fargo financial institution.Karl Heideck explains the main allegations made against officials at Wells Fargo are a refusal to provide fair interest rates and loan approvals based on race rather than credit score and employment.
One of the main problems identified by officials for the City of Philadelphia has been the fact applicants from African American and Hispanic communities were offered loans at a higher interest rate than those applying with similar credit scores from white communities.The problems were not limited to taking on an initial loan, but also saw those from minority groups refused refinancing options from Wells Fargo; with the statistics provided by the City of Philadelphia seeming to show these accusations to be correct the onus will be placed on Wells Fargo to prove they were not acting in an unfair way, which they have yet to address in any submitted written response to the court.
Karl Heideck has been gaining a consistently growing number of followers in recent years for his writing that is often based around his blog addressing financial and legal issues; Heideck is a respected attorney in the Philadelphia area and is based in the Jenkintown region of Pennsylvania.After achieving a Bachelor of the Arts degree from Swarthmore College, Karl Heideck went on to achieve a Juris Doctor in 2009 at Temple University’s Beasley School of Law. The main areas of interest for Karl Heideck have expanded in recent years to include product liability and commercial litigation that form the basis of his practice at the Grant & Eisenhower law firm.
Source of the article : http://www.martindale.com/Karl-Heideck/168775858-lawyer.htm
Laws are important regulations that govern any society. No matter how chaotic or broken down a society or region might be; there is some type of law that is governing that place. Without any types of law a society literally crumble. Law is important because it helps people to maintain order and it gives a society structure.
All nations might have laws but their need for law is different. The reason why so many societies have different laws is because of the culture and people that they govern. Some cultures or ethnic groups have different types of lifestyles that might require specific types of laws to govern them.
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For example, people that reside within the United States are subject to laws about legally registering their vehicles. Some third-world countries do not have any laws on the books for vehicle registration.
According to en.wikipedia.org, the reason why the U.S. requires vehicle registration is for insurance and identity purposes. In the event that a person has an accident or commits some type of crime with the use of a vehicle; law enforcement can usually figure out who a person is simply by checking their vehicle registration information. In a third-world country; this might not be as important since individuals here might rely on another process to identify people and their possessions.
The point is that some countries have similar laws and other countries do not. There is a professor named Sujit Choudhry and he is a leading authority on comparative law. He specializes in constitutional comparative law. This branch of the comparative law process takes a look at the constitutions of various nations and figures out what they have in common and what are different. For further reading, hit blogs.law.nyu.edu.
Choudhry has been specializing within the this field for many years. He is from India and has been in the U.S. since the 2000s. He was also a former dean at the University of Berkley Law School. Choudhry is now a tenured law professor at Berkley. Visit Sujit’s linkedin.com page.
His knowledge and commitment to the comparative legal field is very well respected by his colleagues, subordinate and peers. Comparative law is extremely important in the world. This process simply helps people to understand laws in different parts of the world and how they impact the lives of people at home and abroad. See Constitutionaltransitions.org
Hit this http://www.pluralism.ca/en/events/forum/goup-rights.html